CEVA appoints shareholder CMA CGM executive to top finance role

CEVA Logistics has appointed shareholder CMA CGM’s Serge Corbel as its new chief financial officer (CFO), replacing Peter Waller who will pursue other career opportunities outside of the company. 
Corbel has been in the logistics industry for more than 30 years and has worked for current employer  CMA CGM for more than 25 years.
Earlier this year, the French shipping line invested in a 24.9% stake in CEVA.
Corbel is described as one of the key financial architects of the growth of CMA CGM, leading several acquisitions and integrations, with Neptune Orient Lines (NOL) and American President Lines (APL) being the most recent ones.
During his last position at CMA CGM, he was chief financial officer of APL, based in Singapore.
"He has extensive sector know-how and comprehensive experience in running complex finance organisations and has been working in Europe, America and Asia," the logistics firm said.
CEVA said that Waller had "contributed tremendously" to its IPO in May and the successful refinancing of the company’s entire debt.
While the board of directors and Xavier Urbain, chief executive of CEVA Logistics, said they were most grateful for Waller’s "outstanding work in preparing CEVA Logistics for the demands of the capital market", it was concluded that a different background and comprehensive experience in logistics are required for supporting the company in further implementing its business strategy.

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